Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Sri Lanka - 2022
Contents:
- Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Sri Lanka (CIF) - 2022
- Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Sri Lanka
Price for Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Sri Lanka (CIF) - 2022
The average import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses stood at $2,899 per ton in 2022, rising by 30% against the previous year. Overall, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses increased by +82.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($4,090 per ton), while the price for Belgium ($2,227 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Sri Lanka
In 2022, the amount of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses imported into Sri Lanka shrank sharply to 297 tons, falling by -47.6% on 2021 figures. Over the period under review, imports showed a deep setback. The growth pace was the most rapid in 2021 when imports increased by 61% against the previous year. As a result, imports reached the peak of 567 tons, and then fell sharply in the following year.
In value terms, imports of acids; saturated acyclic monocarboxylic acids; butyric, valeric acids; their salts and esterses dropped dramatically to $861K in 2022. Overall, imports, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 105%. As a result, imports reached the peak of $1.3M, and then dropped remarkably in the following year.
| Import of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters in Sri Lanka (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 486 | 385 | 721 | 270 | -17.8% |
| China | 83.2 | 107 | 279 | 261 | 46.4% |
| United States | 30.0 | 27.5 | 116 | 197 | 87.3% |
| Japan | 13.5 | 7.9 | 57.9 | 58.1 | 62.7% |
| India | 8.6 | 15.1 | 64.5 | 44.4 | 72.8% |
| Belgium | 33.1 | 71.6 | 20.0 | 18.7 | -17.3% |
| Others | 9.0 | 5.9 | 9.9 | 12.3 | 11.0% |
| Total | 663 | 620 | 1,268 | 861 | 9.1% |
Top Suppliers of Acids; Saturated Acyclic Monocarboxylic Acids; Butyric, Valeric Acids; Their Salts and Esters to Sri Lanka in 2022:
- China (93.5 tons)
- Singapore (90.8 tons)
- United States (71.0 tons)
- Japan (19.8 tons)
- India (10.9 tons)
- Belgium (8.4 tons)
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